Forums
computation of total income
Direct Taxation
answered on 13-Aug-24 08:33
if in the question they have mentioned asessee's age but haven't mentioned any detail regarding to what regime the asessee follows what assumption should we make in computation of total income?
latest answer
If question is silent then we have to solve as per Section 115BAC
Niveta Rajkumar
CA Inter
★ 6K+
4
347
consolidation
Accountancy
answered on 13-Aug-24 11:44
in the solution to the given question why have they included entire 10 lakhs of preference capital in minority interest and why they haven't considered it in the cost of investment made to subsidiary ?
latest answer
Any ownership interest that is not owned by parent company is considered as minority.
Niveta Rajkumar
CA Inter
★ 6K+
2
394
Cost of capital
Financial Management
answered on 07-Aug-24 17:15
In case of WACC computation, for calculating individual CoC, can we use approximation method instead of this one?
latest answer
Thank you
Punitha Krishnaraj
CA Final
★ 5K+
2
277
Fixed Overhead Cost
Financial Reporting
answered on 16-Aug-24 16:26
Sir, In illustration 18, could fixed overhead be considered as constant throughout the subsequent years (calculated based on units sold in first year, Rs.30 per unit x 10,000 units) and subsequently adjusted giving effect only to inflation (not considering any change in units sold in subsequent years)? Please clarify.
latest answer
Your logic is correct. ICAI has assumed that the overall cost is per unit.
Venkatesh S
CA Final
★ 2K+
3
225
Under composition scheme GST number ca signature compulsory sir
Direct Taxation
answered on 07-Aug-24 09:12
Under composition scheme GST number ca signature compulsory sir
latest answer
Not compulsary
R G
CA Inter
★ 9K+
1
191
Inventory
Accountancy
answered on 08-Aug-24 10:29
Explain about the inventory taking
latest answer
Assume you shd have done physical checking of inventory on 31 st march and you did not conduct physical checking, and same was conducted on 15th april , so we have to do reverse calculation based on information given what was the stock on 31st march Inventory taking means physical checking of inventory with books,
Ramikasri Saravanan
CA Foundation
★ 0
5
332
Inventory
Accountancy
answered on 07-Aug-24 09:11
Explain the concept about inventory taking
latest answer
We will calculate the closing stock as on 31st march. The transactions that were made after 31st march till 15th april will be adjusted to the closing stock on 15th april to arrive the closing stock as on 31st march
Ramikasri Saravanan
CA Foundation
★ 0
1
283
Clarification regarding SPOM SET C And SET D applicability
Others
answered on 21-Aug-24 12:58
I cleared CA Inter Group I in Nov 2022 and Group 2 in May 2024 under the old course. I also completed my 3 year articleship in June 2021. I have not completed the Advanced IT and MCS course and registered for the CA Final,my exams are due May 2025. Whether SET C and SET D are exempted for me? or Do I need to write all the sets?
latest answer
You need to write all sets.
Manish Kerur
CA Final
★ 0
3
692
Registration cancellation process is same for composition also
Others
answered on 09-Aug-24 09:42
Registration cancellation process is same for composition also
latest answer
Yes
R G
CA Inter
★ 9K+
1
151
Exemption
Indirect Taxation
answered on 09-Aug-24 12:05
In the videos it says as transportation in west bengal through airline is exempt!! I tried to book a flight that shows some taxes and fees as 2021(is it gst or something else) sir
latest answer
There would be a break up for airport fees and agency charges and taxes
Revathy N
CA Final
★ 9K+
3
303